My lovely people! What's up, friends! I have the hot gossip from the crypto world that will leave you speechless. It turns out that Bitcoin (BTC) is unstoppable, rising like foam and breaking records, a serious thing! 🚀 But, while the 'king' of cryptos is enjoying life, the altcoins (that is, the other cryptocurrencies) are in limbo, waiting for their turn! ⏳
According to a fresh report from CoinEx, Bitcoin has reached a new annual high in May, hitting $112,000! 🤑 And do you know why? Because the heavyweights, the big institutions, are pouring money into their Bitcoin ETFs. It's like the world's largest investors gave it a huge boost. Imagine that the month started at $94,000, and by May 22, it was already at $112,000! Although it later dropped a bit to $104,500 because people, being clever, took the opportunity to cash out. 💰
A curious fact that sparked interest was the announcement from Trump Media & Technology Group, which said it plans to raise $2.5 billion to create a giant Bitcoin treasury. Clearer than that! 🇺🇸 And if that wasn't enough, Bitcoin ETFs have seen a net inflow of $5.2 billion, accumulating a total of a significant sum of $44.3 billion! Almost nothing!
But be careful, while Bitcoin celebrates, the altcoins are on 'pause' mode. ⏸️ Bitcoin's dominance has reached an impressive 65%, which means that most of the capital is concentrated there and isn't moving much towards the other coins. It's like at a party, everyone is only paying attention to the most popular one. 🥳 CoinEx experts say this trend looks strong and there are no signs it will change soon. So, for now, the market remains Bitcoin's, leaving the altcoins on the sidelines. 😔
And here comes the key point to pay attention: although the price of Bitcoin is skyrocketing, there is a warning sign. Inflows of stablecoins (those coins that maintain their stable value, like digital dollars) have decreased for the second consecutive month. 📉 This is unusual, because during other upward moments, the digital green always grew in tandem. So, stay alert, because in the crypto world, everything can change in an instant!
Stay tuned, my people, this isn't over yet! The crypto market is a roller coaster of emotions. 🎢$BTC $ETH $XRP
